Upco International (CSE:UPCO) (OTCQB:UCCPF) (FSE:U06), a cloud-based telecom company, has launched its highly anticipated Upco mobile messenger communication app, which is available for download on the Apple App Store for IOS and the Google play store for Android.

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I’m Erica James for Investmentpitch Media

Upco International, a cloud-based telecom company, has launched its highly anticipated Upco mobile messenger communication app, which is available for download on the Apple App Store for IOS and the Google play store for Android.

The App provides Serverless technology (end to end Encryption) which enhances the privacy and the protection of user’s communications avoiding the misuse of third-party data.

With the upcoming integration of the company’s advanced Blockchain E-Wallet, the company will be able to provide users with an E-Wallet, fully protected by encryption, on each device.

This will enable users to transfer funds instantly to family and friends worldwide, at a reasonable cost, without worrying about surcharges or any additional charges that might be levied by banks.

Sid Rajeev, Analyst with Fundamental Research, stated: “With the incorporation of blockchain technology into Upco Mobile, we believe that Upco has the potential to be a disruptive offering in the mobile payments processing space.”

According to Statista, in 2018, global transaction volume in the mobile point-of-sale payments space is
expected to reach US$391.44 billion, with an average transaction value per user of $731.39.

Other benefits include:

- worldwide access to initiate long distance calls with very low calling rates: up to 40% less expensive than any incumbent mobile operator.

- incoming international calls will not incur roaming costs.

- ability to transfer funds to other Upco users without additional costs.

- through algorithms which create higher compression, users can chat and use video features faster with a higher quality of voice and images while using significantly less data than leading competitors.

Andrea Pagani, CEO, stated: “The Upco App with its forthcoming E-Wallet will align perfectly with how payments across the world are changing into digital formats. Our App will facilitate commerce in a number of important ways and allow our European users to be able to transfer funds to friends and relatives seamlessly and instantly.”

In addition to messaging and VoIP services, the company’s new cross-platform smartphone application will offer transaction processing, a service not available with SKYPE or WhatsApp.

The company is in discussions with Emoney plc (www.emoney.com.mt) to support Upco’s monetary
payment and transfer services within Europe.

Emoney issues and acquires electronic money, builds innovative tools for payments and creates networks between the biggest european players, the networks and the points of sale.